The soft economy has greatly affected advertising sales in Tampa Bay, especially in the radio business. The big spenders are scaling back and in many cases completely leaving radio out of their budget. For example, a local car dealer, which is traditionally a big radio spender, believes they need to target their surrounding areas and radio is being omitted in favor of media such as neighborhood print, directional billboards, direct mail and zoned cable TV. The car dealers, and many other once highly-profitable area businesses, have been in survival mode for months. Do you remember all the mortgage companies and real estate businesses on the radio as late as 2007? These aggressive radio advertisers have also disappeared.
It has been an extremely hard 2008 for advertising sales people. I believe radio sales people have been affected the most. I personally know a few very talented radio sales people who have left radio for other sales positions. These were great radio sellers and will succeed in their other sales life. At the same time, they are big losses to their respective stations.